Allianz SE Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

Allianz SE acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,215 shares of the semiconductor company’s stock, valued at approximately $1,540,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Promus Capital LLC bought a new position in shares of Texas Instruments during the 4th quarter valued at $25,000. Financial Life Planners bought a new position in Texas Instruments in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new position in Texas Instruments in the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $28,000. Finally, Atala Financial Inc purchased a new stake in shares of Texas Instruments during the 4th quarter valued at about $37,000. Institutional investors own 84.99% of the company’s stock.

Insider Activity at Texas Instruments

In other news, Chairman Richard K. Templeton sold 97,000 shares of Texas Instruments stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the completion of the transaction, the chairman now owns 409,089 shares in the company, valued at approximately $82,930,522.08. The trade was a 19.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares in the company, valued at approximately $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TXN shares. Truist Financial dropped their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Barclays reduced their price objective on Texas Instruments from $200.00 to $180.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $209.20.

Texas Instruments Stock Down 2.5 %

TXN opened at $176.33 on Friday. The company has a market capitalization of $160.45 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. The firm has a 50-day simple moving average of $186.45 and a two-hundred day simple moving average of $194.68. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52 week low of $159.11 and a 52 week high of $220.39.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the company earned $1.49 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were issued a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.82%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.